Buy Bitcoin and trade Crypto Currencies in Singapore with these Exchanges:

On this page you can find the best bitcoin and crypto exchanges for users in Singapore.

If you want to buy bitcoin from Singapore you can do that through using SGD or other fiat deposit sent to your bitcoin exchange account. As not too many bitcoin exchanges are available on the market which accepts SGD deposits, you might need to consider translating SGD to USD, JPY or CNY to get to your bitcoins in a cheaper way. You can send the required money to the bitcoin exchange using bank wire transfers or you can also use a credit card.

The Monetary Authority of Singapore clearly articulated as early as 2013 that they do not intend to intervene in any transactions or commercial decisions related to bitcoin. Although the authority warned the public about the risk associated with using cryptocurrencies multiple times over the years, there has been no regulation put forth in the country regarding the usage of bitcoin and other altcoins. From the taxation perspective, bitcoin transactions are treated as barter transaction when used as a payment for purchasing goods.

Compare your Top 3 Bitcoin Exchanges
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Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Great for EUR/USD
90 90
Pro
  • Has not been hacked
  • Good payment methods
  • Exchange interface is awesome to use
Contra
  • No trading platform
  • Not regulated
  • Fees are not listed
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
1.29%-1.49%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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100x Leverage, No KYC
92 92
Pro
  • 2FA ensures security
  • 100x leverage available in 5 cryptocurrency
  • no KYC required
Contra
  • no fiat deposits available
  • no trading API, mobile app or PC program to do trading outside of the site
  • not widely known yet
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.01%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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High Leverage!
90 90
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Not for beginners
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Supports Credit Cards
80 80
Pro
  • High trading volume
  • Wire Transfer & Credit Cards
Contra
  • Premium on prices
  • Many bad reviews
  • Slow Withdrawals
Has been hacked? Yes, hacked in 2013 Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.16%-0.25%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
  • only email contact is provided
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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Many Altcoins
80 80
Pro
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Does not accept bank payment methods
  • Customer support lacks phone
  • US customers are restricted
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.10%
Security Ok Trading
Futures? None
Derivatives? No
Margin Trading? No
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82 82
Pro
  • low fees
  • futures trading options
  • leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.02%-0.07%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Trade with FIAT
82 82
Pro
  • Professionally made website
  • Educational Materials (videos)
  • Easy verification process
  • Copy trading
Contra
  • Does not accept Bitcoin deposits/withdrawals
  • 75% of retail CFD accounts lose money
  • Limited cryptocurrency listings
  • No live chat
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Yes
Trading Fees:
0.75%
Security Good Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 30x
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Great for AUS & NZ
80 80
Pro
  • Simple & easy to use
  • Fast transactions
  • Responsive customer care
Contra
  • US Users not supported
  • No 2-factor authentication
  • Limited fiat & coin portfolios
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
High (2-4%)
Trading Fees:
0.00%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? No
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72 72
Pro
  • high amount of leverage up 100x in bitcoin
  • easy to understand trading interface
  • low fees
Contra
  • new company, with no established online presence
  • no fiat trading option
  • no advanced order types
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.001 BTC
Trading Fees:
0.075%
Security Average Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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Great for EU & UK
94 94
Pro
  • Supports EUR and GBP!
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Customer support lacks phone
  • Website is not for beginners
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Trading Fees:
0.05%
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? No
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90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • Puts investors before customers
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.00%-030%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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Supports PayPal
78 78
Pro
  • Easy to get verified ( 2 factor authentication)
  • Accepts Credit Card and PayPal
  • 24 hr expected resolution through their help-desk
  • Referral program
Contra
  • Website is too plain (there are no charts and no transparency)
  • A good number of negative reviews about how they operate
  • Was hacked
Has been hacked? Yes, around January 2017 Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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72 72
Pro
  • 140+ currencies available
  • Accepts Credit Cards
  • 2FA Security
  • No verification for crypto to crypto
Contra
  • High transaction fee of 0.5%
  • Negative comments from the community
  • Still a lot to prove (a fairly new company)
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.50%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 10x
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Fast Support!
78 78
Pro
  • Competitive fees
  • Good security
  • Accepts many different FIAT currencies
Contra
  • Website could use some improvements
  • Doesn't keep the pace with competition
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes, 1% + 5 USD
Trading Fees:
0.00%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
Visit Website
82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • Supports only BTC/FIAT trades
  • More negative comments in the recent past
  • Slightly higher fees if you are trading lower volumes
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.25%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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Good Volume
70 70
Pro
  • Demo Mode
  • High trading volume
Contra
  • Hard Verification
  • Many user complaints
  • Fees are high
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Trading Fees:
0.10%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 3x
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High Volume
76 76
Pro
  • High USD liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative
Contra
  • Not a transparent company
  • Reputation loss due to hack
  • Unclear situation with USDT (Tether)
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No, except wire transfers
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? No
Derivatives? No
Margin Trading? up to 3.33x
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80 80
Pro
  • Accepts Fiat Currency Deposits
  • Physical Card
  • A lot of deposit options
Contra
  • Unregulated
  • Limited number of coins
Has been hacked? No Fees
Deposit Fees:
2%
Withdrawal Fees:
2%
Trading Fees:
0.17%-0.43%
Security Excellent Trading
Futures?
Derivatives? Yes
Margin Trading? No
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Many Altcoins
72 72
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
68 68
Pro
  • Easy account creation
  • Online and Offline payment options
  • Easy to operate platform
Contra
  • Fees are high (3-11.9%)
  • No leveraged trading
  • No App
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.25%-8.75%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Many Problems
80 80
Pro
  • Low fees
  • Excellent liquidity in EUR markets
  • Margin trading supported
Contra
  • Weak support for mobile platforms
  • No "advanced" orders (stoploss etc.)
  • Often has uptime problems when market gets hot
  • Volume lags a bit in BTC/USD
Has been hacked? No Fees
Deposit Fees:
Yes, in some cases
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 5x
Visit Website
Best Support
60 60
Pro
  • Superb liquidity, often the best in the world
  • Many advanced trading options
  • Low fees
Contra
  • Sometimes foreign traders have problems with verification
  • Chinese Exchange (PBoC)
Has been hacked? No Fees
Deposit Fees:
In most cases no
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 3x
Visit Website
66 66
Pro
  • Federally regulated
  • Available in all 50 states of USA
  • Good liquidity and competitive fees
  • Keeps BTC in cold storage, backed by audited reserve minimum
Contra
  • No mobile apps
  • No margin trading and short selling
  • No ACH transfers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • Wire Transfer accepted
  • Wallet service
  • Easy account creation (supports multiple countries)
  • A lot of features
Contra
  • High trading fees
  • Focuses on BTC
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.50%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
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Best Bitcoin Exchange for Singapore

Singapore has no plans to regulate crypto currencies like the Bitcoin. If necessary, however, the city-state wants to subject individual entrepreneurial activities related to virtual money to legal regulation. This is the result of an interview with the head of the Singapore Central Bank.

The most important crypto currencies have increased significantly since the beginning of the year. The capitalisation of Bitcoin alone rose by more than five and a half times to currently over 100 billion US dollars. As a result, digital means of payment have come into the focus of regulatory authorities worldwide. For example, China and South Korea have banned the raising of capital by Initial Coin Offerings (ICOs). Communist Vietnam prohibits virtual currencies altogether. Russia goes a little less far. President Putin demands by decree a registration obligation for Miner and the subordination of ICOs under securities law.

Activities, not regulating crypto currencies

Singapore may not follow this trend. In an interview with Bloomberg, Ravi Menon, Managing Director of the Singapore Central Bank, says: “At the moment I don’t see any reason why crypto currencies should be regulated. Menon is aware that crypto money is often used for illegal purposes. But the risk, in his opinion, does not come from the digital currencies themselves, but from the activities surrounding them. For the central banker it is therefore clear that the legislation must deal with the risks of these activities and not with virtual money as such.

Securities law applies to ICOs with dividend promises

Menon points out that trading platforms and other crypto currency intermediaries are already subject to Singapore’s anti-money laundering and anti-terrorist financing rules. In addition, a new law is underway for payment service providers that formalizes these rules. Unlike the Russian president, Menon sees no need to subject ICOs to securities law in general. However, securities law is already being applied in Singapore today if dividend-like advantages are promised within the framework of an ICO.

The head of the central bank is not alone in his open stance towards Bitcoin and its Singapore counterparts. Already at the beginning of October, the Deputy Prime Minister of the island state denied the intention to regulate crypto currencies in his answer to a parliamentary question.

Economic structure

As one of the so-called tiger states, Singapore managed to make the leap from an emerging country to an industrial state or an economy primarily geared to services within just a few decades. The development of the economy began in colonial times. Already in the 19th century, when Singapore became a British colony, it was regarded as a large goods transhipment centre with its very favourable water traffic location between China and Europe. As a result, commercial and industrial areas are located mainly on the coasts. Many products are merely processed or refined in Singapore, e.g. food, oil, rubber, steel and machinery. Singapore’s trading partners are the USA, Great Britain, China, Japan, Hong Kong, Malaysia and Thailand. Despite its small size and small population, Singapore was the eleventh largest exporting nation in the world in 2016 with exports of goods and services worth 511 billion US dollars. Singapore was also one of the few nations in the world in which the value of exports exceeded that of gross domestic product, which demonstrates Singapore’s close links with world trade. In the World Economic Forum’s Global Competitiveness Index, Singapore ranks second behind the USA in 2018.

There are still disputes with Malaysia about the water supply and the billing of the costs incurred. Singapore is urgently dependent on water imports. Water is supplied by Malaysia and treated by Singapore. There are also (border) disputes over Singapore’s land reclamation, bridge construction and maritime borders. Malaysia contractually guarantees water supply until 2061.

Singapore is one of the most deregulated and privatized economies in the world. It ranked second behind Hong Kong in the Economic Freedom Index in 2017. Singapore is one of the most liberal economies in the world. A major exception is the highly regulated housing market. The state also has an influence on economic events through the holding company Temasek, which is owned by the government. Temasek invests strategically in the country’s companies. Singapore is striving to become a biotechnology center in Asia. A*STAR, the Agency for Science, Technology and Research, a government agency, supports research capacities in Singapore. The newly created Biopolis is home to private and state institutes, biotech and pharmaceutical companies. The port of Singapore is one of the most modern and largest transshipment centres in the world. The Straits Times Index is the leading stock index on the Singapore Exchange.

Singapore is particularly important as an international financial centre and in wealth management, i.e. as a tax haven. In 2017, Singapore was ranked 4th on the list of the 17 largest tax havens in the world by the organization “Global Citizens”. Following the financial crisis in 2008/09, the volume of assets managed in Singapore doubled to around 2.5 trillion Singapore dollars by 2015. Some of these funds were invested in huge shopping malls, hotels and other local investments, so that overcapacities in trade are lamented. Since 2014, the banking sector has been in a phase of consolidation. Some European banks closed their subsidiaries. Singapore ranked 4th in a ranking of the world’s most important financial centres (as of 2018).

With 11.8 million foreign visitors in 2015, Singapore was one of the most visited cities in the world. Tourism is promoted by the government through marketing campaigns and generates billions in revenue every year. Singaporeans themselves are allowed to enter 159 countries without a visa, making Singaporeans the most powerful passport in the world, as Paraguay lifted the VISA restrictions on Singapore on 24 October 2017, putting Germany in second place with 158 countries.

According to Transparency International’s Corruption Perceptions Index, Singapore was ranked 6th out of 180 countries together with Sweden in 2017, with 84 out of a maximum of 100 points. Of all Asian countries, Singapore thus had the lowest level of corruption.

According to the Economist Intelligence Unit, Singapore will be the most expensive city in the world in 2014. In a ranking of cities according to their quality of life, Singapore ranked 25th out of 231 cities surveyed worldwide in 2018.

Share your Experiences

One User-Review for Best Bitcoin Exchange for Singapore
  1. Ashok, 18. June 2019

    I have been using Belfrics for 2 years and the platform is comprehensive, intuitive, social and very robust. Excellent community supporting the social aspect, great usability